Commodities
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Dry Cargo
Coal carrier queue eases off northern China
Chinese buyers of Australian coal are finding new markets to sell their banned substances, helping ease the ship queues in…
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Dry Cargo
Growing Mongolian coal exports alarm dry bulk owners
Dry bulk owners are watching customs stats out of Beijing closely to see where China is sourcing coal to replace…
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Dry Cargo
No signs of thawing in coal ties as China suffers freezing winter
Amid its coldest winter since 2013, China shows no sign of thawing its coal impasse with key supplier, Australia. Beijing’s…
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Dry Cargo
Egyptian grains giant to develop own fleet
The Egyptian government has given the go-ahead for state-run grains buyer, the General Authority for Supply Commodities (GASC) to co-found…
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Dry Cargo
Mongolia, Indonesia and Russia the winners as Beijing formalises Australian coal ban
China has made its Australian coal ban official, sparking a swift response from Scott Morrison, the prime minister of Australia.…
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Offshore
Rystad warns the world might not have enough oil to meet demand through 2050
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower…
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Dry Cargo
China labels Australian coal as poor quality, 66 bulk carriers and more than 1,000 seafarers left stranded
China has labelled Australian coal as poor quality as hundreds of seafarers languish on stranded bulk carriers off the Chinese…
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Dry Cargo
Abu Dhabi buys into Louis Dreyfus
ADQ, a state-run Abu Dhabi holding company, is buying an indirect 45% stake in Louis Dreyfus Company (LDC), one of…
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Dry Cargo
Queue of bulk carriers grows off China waiting to offload Australian coal
Bulk carriers carrying Australian coal have been lining up at major coal ports in north China, waiting to unload cargo…
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Dry Cargo
Court rules Noble must pay ex-CEO millions
Singapore’s Court of Appeal has ruled in favour of a claim by Noble Group’s former CEO Ricardo Leiman to millions…
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Asia
World’s third largest steelmaker to close 10% of capacity
The world’s third largest steelmaker, Nippon Steel, will shut nearly 10% of its production capacity to staunch losses amid falling…
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Dry Cargo
Africa’s newest shipping line sets sail
Guinea Shipping Corporation (GSC) is set to kickstart operations in the next month, Splash can exclusively reveal, providing a new…
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Greater China
Baowu surpasses ArcelorMittal as the world’s largest steel producer
China’s mighty Baowu Steel Group appears to have surpassed ArcelorMittal as the world’s largest steel producer. Baowu’s chairman in a…
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Europe
Glencore under investigation by UK’s Serious Fraud Office
Glencore was notified yesterday that the UK’s Serious Fraud Office (SFO) has opened an investigation into suspicions of bribery in…
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Europe
Louis Dreyfus initiates widespread cost-cutting measures
Don’t expect executives from Louis Dreyfus Company (LDC) to wine and dine you anytime soon. France’s top agricultural commodities conglomerate…
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Dry Cargo
Global electricity production from coal on track for record fall this year
Global electricity production from coal is on track to fall by around 3% in 2019, the largest drop on record,…
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Greater China
China closes in on record 1bn ton annual steel output
China is on track to defy expectations and produce a record steel output this year of just shy of 1bn…
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Asia
Indonesia announces another nickel ore export ban
This week Indonesia announced a ban, to start in the new year, on the export of nickel ore. While it…
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Environment
BHP demands greater green efforts from its shipping partners
Mining giant BHP yesterday announced a five-year, $400m climate investment program to develop technologies to reduce emissions from its own…
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Greater China
Cargill takes action in China as African swine fever shows no sign of abating
The raging African swine fever that has already seen hundreds of thousands of China’s pigs culled shows no sign of…
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